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    2450 Flatbush Ave Brooklyn, NY 11230

    Sponsored
    For Sale
    $5,000,000

    15,300 SF Retail Space, Vacant, High ROI

    Property size:
    15,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: a vacant, two-story storefront totaling 15,300 square feet situated on a 6,000 square foot lot in Brooklyn, New York. This property, built in 1987, boasts a 60-foot frontage and features three selling floors, including a lower level. The building is zoned C8-1 and offers a compelling 5.20% cap rate with a Net Operating Income (NOI) of $260,320, and an asking price of $5,000,000. The location at 2450 Flatbush Avenue, zip code 11230, is highly desirable, directly across from Kings Plaza Shopping Center and near prominent landmarks such as Floyd Bennett Field, Aviator Sports and Events Center, Marine Park, and Marine Park Golf Course. Conveniently located just 2.0 miles from the Avenue U Subway Station, this property offers excellent accessibility. The property is currently vacant and ready for immediate occupancy, presenting a unique chance to establish a thriving retail business or secure a strong investment in a prime Brooklyn location. The property's address is 2450 Flatbush Ave, Brooklyn, NY 11230, with APN 08542-0060.

    Property Features for 2450 Flatbush Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,300 SF

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    2

    HighLights

    • 15,300 SF vacant two‑story storefront on a 6,000 SF lot in Brooklyn, NY.
    • 60‑foot frontage with three selling floors, including a lower level.
    • 5.20% cap rate, $260,320 NOI, $5,000,000 asking price.
    • Located at 2450 Flatbush Ave, Brooklyn, NY 11230 (APN 08542‑0060), across from Kings Plaza.
    • C8‑1 zoning, ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    MIll Basin Emergency ... General Contractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9653715
    Latitude
    40.6190629

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    FAQs

    What type of property is this?
    Individual retail property - 15,300 SF Retail Space, Vacant, High ROI
    Where is this individual retail property located?
    The property is located at 2450 Flatbush Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 15,300 SF vacant two-story storefront on a 6,000 SF lot in Brooklyn, NY.; 60-foot frontage with three selling floors, including a lower level.; 5.20% cap rate, $260,320 NOI, $5,000,000 asking price.
    Request Owner's contact information
    2450 Flatbush Ave Brooklyn, NY 11230
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2450 Flatbush Ave Brooklyn, NY 11230
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